Commercial Credit Underwriter
Suncoast Credit Union, Thonotosassa, Florida, United States, 33592
Overview
Compensation:
$79,000 - $119,000 based on experience and credentials Location Type:
Hybrid opportunity with 2-3 days a week of onsite availability Position Type:
Full Time Schedule:
Monday through Friday 8:00 AM - 5:00 PM The Commercial Credit Analyst underwrites commercial and small business loan requests greater than $250,000. Key responsibilities include reviewing and analyzing file information such as CPA quality financials, tax returns, credit reports, appraisals, other research, and market data. An ideal candidate is a detailed-oriented, self-motivated individual who successfully manages responsibilities to meet deadlines.
Responsibilities
Prepare detailed Credit Action Memorandum (CAM) recommendations to present to the decision-makers and the credit committee
Gather the applicant’s financial information and perform a detailed analysis of financial data and other relevant information
Prepare financial spreads to generate financial ratios and evaluate a borrower’s financial status
Determine the borrower’s cash flow and capacity to service debt
Summarize borrower’s financial statements and historical performance
Detail identifiable risks associated with the credit quality of loans and collateral
Interpret financial data and make loan recommendations to lenders and the loan committee
Collaborate with the loan officer on any identified financial deterioration of the borrower
Monitor maturing loans and gather the necessary information to consider extensions or modifications
Maintain knowledge and understanding of current trends, laws, and issues affecting the area of expertise
Attend educational events to increase professional knowledge
Qualifications
Bachelor’s degree in a business-related field (A comparable combination of work experience and training may be substituted for education requirements)
5+ years of commercial or business lending experience with a financial institution including underwriting traditional credits
Excellent knowledge and understanding of commercial lending products, services, policies, and procedures
Excellent financial analysis skills
Knowledge of banking regulations and best practices
Ability to prioritize tasks by effectively managing competing and changing priorities to meet required deadlines
Accurate, detail-oriented, and organized with task management
Ability to resolve difficult and complex problems
Strong written, verbal, and interpersonal communication skills to interact effectively with members, staff, vendors, and government regulators
Ability to influence others regarding policies, practices, and procedures
Strong knowledge and understanding of regulatory compliance to successfully perform job responsibilities
Must maintain a high level of confidentiality
Benefits
Financial Well-Being:
Bonus Program up to 12%, 401K Matching up to 8%, Retirement Planning, Pay Increases based on Competency, Employee Loan Discounts, Flex Spending Accounts
Wellness:
Medical Coverage, Dental and Vision Coverage, Access to 4,000+ Gyms, Mental Health Resources, PTO Wellness Days, Short Term and Long Term Disability Coverage
Work-Life Balance:
11 Paid Holidays, 3 weeks of Paid Time Off, 4 weeks of Paid Parental Leave, Birthday PTO
Community Involvement:
Paid Volunteer Hours
Growth:
Degree Assistance up to $5,000 per year
For more information, including additional benefits, please visit our benefits website at https://careers.suncoastcreditunion.com/benefits
Company Overview #LOVEWORK! Employees flourish in an inclusive culture celebrating growth and prioritizing the community. For more information, please visit our careers site at https://careers.suncoastcreditunion.com/
#J-18808-Ljbffr
Compensation:
$79,000 - $119,000 based on experience and credentials Location Type:
Hybrid opportunity with 2-3 days a week of onsite availability Position Type:
Full Time Schedule:
Monday through Friday 8:00 AM - 5:00 PM The Commercial Credit Analyst underwrites commercial and small business loan requests greater than $250,000. Key responsibilities include reviewing and analyzing file information such as CPA quality financials, tax returns, credit reports, appraisals, other research, and market data. An ideal candidate is a detailed-oriented, self-motivated individual who successfully manages responsibilities to meet deadlines.
Responsibilities
Prepare detailed Credit Action Memorandum (CAM) recommendations to present to the decision-makers and the credit committee
Gather the applicant’s financial information and perform a detailed analysis of financial data and other relevant information
Prepare financial spreads to generate financial ratios and evaluate a borrower’s financial status
Determine the borrower’s cash flow and capacity to service debt
Summarize borrower’s financial statements and historical performance
Detail identifiable risks associated with the credit quality of loans and collateral
Interpret financial data and make loan recommendations to lenders and the loan committee
Collaborate with the loan officer on any identified financial deterioration of the borrower
Monitor maturing loans and gather the necessary information to consider extensions or modifications
Maintain knowledge and understanding of current trends, laws, and issues affecting the area of expertise
Attend educational events to increase professional knowledge
Qualifications
Bachelor’s degree in a business-related field (A comparable combination of work experience and training may be substituted for education requirements)
5+ years of commercial or business lending experience with a financial institution including underwriting traditional credits
Excellent knowledge and understanding of commercial lending products, services, policies, and procedures
Excellent financial analysis skills
Knowledge of banking regulations and best practices
Ability to prioritize tasks by effectively managing competing and changing priorities to meet required deadlines
Accurate, detail-oriented, and organized with task management
Ability to resolve difficult and complex problems
Strong written, verbal, and interpersonal communication skills to interact effectively with members, staff, vendors, and government regulators
Ability to influence others regarding policies, practices, and procedures
Strong knowledge and understanding of regulatory compliance to successfully perform job responsibilities
Must maintain a high level of confidentiality
Benefits
Financial Well-Being:
Bonus Program up to 12%, 401K Matching up to 8%, Retirement Planning, Pay Increases based on Competency, Employee Loan Discounts, Flex Spending Accounts
Wellness:
Medical Coverage, Dental and Vision Coverage, Access to 4,000+ Gyms, Mental Health Resources, PTO Wellness Days, Short Term and Long Term Disability Coverage
Work-Life Balance:
11 Paid Holidays, 3 weeks of Paid Time Off, 4 weeks of Paid Parental Leave, Birthday PTO
Community Involvement:
Paid Volunteer Hours
Growth:
Degree Assistance up to $5,000 per year
For more information, including additional benefits, please visit our benefits website at https://careers.suncoastcreditunion.com/benefits
Company Overview #LOVEWORK! Employees flourish in an inclusive culture celebrating growth and prioritizing the community. For more information, please visit our careers site at https://careers.suncoastcreditunion.com/
#J-18808-Ljbffr